• Breaker Energy Ltd. announced that its new horizontal, multi-frac well at Fireweed was flowing at an average of 5.3 mmcf per day of natural gas and 120 bpd of natural gas liquids during a test on April 3, 2009. Breaker believes this well is capable of producing around 1,540 BOE per day. Breaker continues to identify new drilling locations at the Fireweed site located in Northeastern B.C., and currently has roughly 160 potential new locations.
  • Apache Corporation announced it is planning to spend roughly $330 million in exploratory drilling. Within the next year, the company plans to drill 31 gross horizontal wells in the Ootla development located in Northeastern B.C. This amount also includes costs for its portion of pipeline construction in the Horn River area to connect gas from the Horn River to the existing Spectra Energy gathering system. Currently the goal is to have the pipeline operational by the end of May. Apache estimates it will have an additional 120 mmcf of take-away capacity from the pipeline.
  • Kodiak Energy, Inc. announced Cougar Energy, Inc., its private subsidiary, has reached a farm-out and participation agreement with Trivello Energy Corp. This agreement will see Trivello providing 90% of funding to Cougar's Lucy Horn River Basin project. After receiving all funds for the project, Trivello will have a 40% working interest in the project; Cougar will have a 50% working interest; and the remaining 10% will belong to another joint-venture partner. Cougar will remain the operator and majority owner of the project which is located in Northeastern B.C.